InsurTech
Partnerships or Acquisitions? How Carriers Can Speed Their Digital Evolutions
While most carriers have embarked on the digital innovation journey, the results have been mixed. Although personal insurance carriers have made more headway over the past several years, the ...
Root Loses $85M, Secures P/C Shell Company for Further Growth
Root lost more than $85 million in its 2020 third quarter – its first as a public company following an initial public offering in October that raised $724.4 million. The Ohio-based digital auto ...
Three Must-Have Components of an InsurTech Strategy to Boost Carrier Growth
Over the past five years, InsurTech investment has fueled a significant uptick in the availability of InsurTech solutions looking to streamline inefficient processes. Independent agents who are ...
VIDEO: Experts Urge InsurTech-Like ‘Outside-In’ Thinking From Insurers
Are you using your vehicle to transport people? That's just one of the "archaic questions" that insurers might be still be asking, Chetan Kandhari, Chief Innovation and Digital Officer for ...
Potential Industry Disrupter: Insurance-as-a-Service
How do property/casualty insurers and brokers stack up against other industries in terms of innovation? In short, they aren't sprinting anywhere as fast as "innovation natives" in the high-tech and ...
Hover CEO Altman Eyes Growth, Future as a Standalone 3D Software Company
Often an InsurTech attracts venture investment from at least one insurer, sometimes two. For Hover's recent $60 million Series D round, there were three. Capital contributions came from the insurers ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Hippo Attracts $350M Investment From Mitsui Sumitomo; Reinsurance Treaty Also Planned
Hippo Enterprises, an MGA InsurTech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of ...